Genuine Parts Company (GPC - Free Report) is a distributor of automotive and industrial replacement parts, office products and electrical/electronic materials.
In the fourth-quarter, Genuine Parts reported adjusted earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.11. Adjusted earnings per share in the year-ago quarter were $1.02.
Genuine Parts reported net sales of $4.21 billion, higher than $3.8 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $4.09 billion.
Genuine Parts Company Price and EPS Surprise
Estimate Trend & Surprise History
Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate for the fourth-quarter and full year 2017 earnings over the last seven days.
In the trailing four quarters, it beat estimates twice and missed in the other occasions, leading to an average earnings miss of 1.8%.
Key Stats/Developments to Note
For the full year 2018, Genuine Parts expects revenue growth rate in the range of 12%–13%, whereas adjusted earnings per share are projected to be in the range of $5.6–$5.75. These anticipations include the benefits AAG’s full-year operations and roughly $80-$90 million in lower income taxes.
Genuine Parts holds a Zacks Rank #2 (Buy), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Genuine Parts’ earnings report!
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